Sherwin-Williams (SHW) stock
Materials · Specialty Chemicals
Sherwin-Williams (SHW) is a Specialty Chemicals company in the Materials sector, headquartered in Cleveland, Ohio. As of October 23, 2026, SHW closed at $337.06, a market capitalization of $81.82 billion, the 153rd largest company in the S&P 500. Over the last twelve months it generated $24.41 billion in revenue (+8% year over year) and $3.21 billion in free cash flow. The stock trades at 31.1x trailing earnings and 25.0x forward earnings.
- 1-year total return: +2.6% (dividends reinvested)
- 5-year return: +2.8% a year
- 52-week range: $289.86 – $377.77
- Gross margin 49.0%, operating margin 18.1%
- Dividend yield: 0.95%, 40 straight years of increases
- FI Handbook report card: C across 10 metrics
- 4th largest of 24 Materials stocks in the S&P 500
SHW price chart
1Y price change: +1.6% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| SHW | +3.2% | +4.8% | +2.6% | +13.2% | +2.8% | +14.9% | +18.1% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
SHW key statistics
- Market cap
- $81.8B
- #153 in S&P 500
- P/E (TTM)
- 31.1x
- Forward P/E
- 25.0x
- EPS (TTM)
- $10.85
- Revenue (TTM)
- $24.4B
- +8%
- Free cash flow
- $3.2B
- Gross margin
- 49.0%
- Operating margin
- 18.1%
- Return on equity
- 65.1%
- Dividend yield
- 0.95%
- 52-week range
- $289.86 – $377.77
- Beta
- 1.08
- Price / sales
- 3.4x
- EV / EBITDA
- 20.4x
- Debt / equity
- 3.90x
- Employees
- 64,249
SHW report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth7.5%C
- Gross margin49.0%B
- Operating margin18.1%C
- FCF margin13.2%C
- Return on equity65.1%A
- Net debt / EBITDA3.1xD
- Forward P/E25.0xC
- PEG ratio2.1xD
- Shareholder yield0.9%D
- Share count change / yr-1.9%B
Sherwin-Williams financials
Revenue went from $11.9B in fiscal 2016 to $23.6B in fiscal 2025, growing 7.9% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.9B | $15.0B | $17.5B | $17.9B | $18.4B | $19.9B | $22.1B | $23.1B | $23.1B | $23.6B |
| Gross profit | $5.9B | $6.7B | $7.4B | $8.0B | $8.7B | $8.5B | $9.3B | $10.8B | $11.2B | $11.5B |
| Operating income | $2.2B | $2.2B | $2.6B | $2.8B | $3.4B | $3.1B | $3.4B | $4.2B | — | — |
| Net income | $1.1B | $1.7B | $1.1B | $1.5B | $2.0B | $1.9B | $2.0B | $2.4B | $2.7B | $2.6B |
| EPS (diluted) | $4.00 | $6.07 | $3.89 | $5.50 | $7.36 | $6.98 | $7.72 | $9.25 | $10.55 | $10.26 |
| Free cash flow | $1.1B | $1.7B | $1.7B | $2.0B | $3.1B | $1.9B | $1.3B | $2.6B | $2.1B | $2.7B |
| Dividends paid | $312.1M | $319.0M | $322.9M | $420.8M | $488.0M | $587.1M | $618.5M | $623.7M | $723.4M | $789.8M |
| Diluted shares | 283.5M | 284.8M | 285.0M | 280.3M | 275.8M | 267.1M | 261.8M | 258.3M | 254.1M | 250.4M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into SHW?
A reverse DCF asks what growth the current price requires. With an enterprise value of $96.6B and $3.2B of trailing free cash flow, Sherwin-Williams needs to grow free cash flow about 20.9% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -3.1% a year over the last five years.
P/E ratio history
Current 32.9x vs. median 31.2x (10th–90th percentile 15.6x–39.8x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
SHW dividend
- Dividend yield
- 0.95%
- Annual dividend
- $3.20
- Years of increases
- 40
- 5-yr dividend growth
- 12.1%
- per year
- Payout ratio
- 29%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
SHW earnings
Next report: October 27, 2026. Sherwin-Williams has beaten EPS estimates 4 quarters in a row. Last quarter's revenue was $6.8B (+8% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 28, 2026 | $3.52 | $3.70 | +5.1% |
| Apr 28, 2026 | $2.27 | $2.35 | +3.6% |
| Jan 29, 2026 | $2.16 | $2.23 | +3.1% |
| Oct 28, 2025 | $3.44 | $3.59 | +4.4% |
| Jul 22, 2025 | $3.81 | $3.38 | -11.2% |
| Apr 29, 2025 | $2.16 | $2.25 | +4.1% |
| Jan 30, 2025 | $2.06 | $2.09 | +1.6% |
| Oct 22, 2024 | $3.54 | $3.37 | -4.8% |
Stocks like SHW
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|---|---|---|---|---|---|
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SHW news
- Earnings Growth Outlook Might Change The Case For Investing In Sherwin Williams (SHW) · Oct 24, 2026
- Sherwin Williams (SHW) Faces Higher Earnings Expectations, Is It Trading At An 11% Discount? · Oct 23, 2026
- What Does Sherwin-Williams Offer That IFF Does Not? · Oct 23, 2026
- Sherwin-Williams, Wells Fargo, and 7 Other Stocks for a Good-Enough Economy · Oct 22, 2026
- Wall Street's Insights Into Key Metrics Ahead of Sherwin-Williams (SHW) Q3 Earnings · Oct 22, 2026
SHW stock FAQ
What is SHW's market cap?
Sherwin-Williams's market capitalization is $81.82 billion as of October 23, 2026, ranking 153rd in the S&P 500.
What is SHW's P/E ratio?
SHW trades at a trailing price-to-earnings ratio of 31.1x and a forward P/E of 25.0x. Its median P/E over the period we track is 31.2x.
Does SHW pay a dividend?
Yes. Sherwin-Williams pays $3.20 per share a year, a 0.95% yield. It has raised its dividend 40 years in a row. Dividends grew 12.1% a year over the last five years.
How much has SHW stock returned?
Including reinvested dividends, SHW returned +2.6% over one year, +2.8% a year over five years, +14.9% a year over ten years through October 23, 2026.
Is SHW stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Sherwin-Williams must grow free cash flow about 21% a year for the next decade. Its free cash flow fell 3% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does SHW report earnings?
Sherwin-Williams is expected to report earnings on October 27, 2026. It has beaten EPS estimates 4 quarters in a row.
How many employees does Sherwin-Williams have?
Sherwin-Williams has about 64,249 full-time employees, or $379,933 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology